Despite the continued sell-off pressure in the Indian equity markets for the last three months, Shares of Siemens, a heavy electrical equipment maker, hit a fresh 10-year high at ₹2,630/share on the BSE in Wednesday's trade. The stock rose for four consecutive trading sessions. The stock price went from ₹2,274 to ₹2,560 in the last 10 trading sessions, delivering a return of 12.57 per cent.
The company manufactures and sells electric motors, generators, transformers, electricity distribution and control apparatus, general-purpose machinery, and other electrical equipment in India and internationally. Siemens Ltd. is a 75% subsidiary of Siemens AG, Germany, which has a presence in more than 200 countries.
The company commands a market capitalization of Rs. 92,623.32. It has an EPS of ₹29.52.
The stock gained more than 10.89% in the last one month, in contrast to the movement in the Nifty50 index, which has declined by nearly 3.99% in the same period.
Further, the stock has delivered a return of 13.73 per cent in the last six months and a return of 28.66 per cent in the last one year.
On the technical front, the stock is trading higher than the 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, and 200-day moving averages.
The company posted a 2.5 per cent rise in its consolidated net profit at ₹340 crore in the quarter ended March 2022. Siemens follows its financial year from October to September.
In the year-ago quarter, the consolidated net profit of the company was ₹331.5 crore. Total revenue in the quarter rose to ₹4,021.5 crore from ₹3,540 crore in the same period a year ago.
New orders stood at ₹5,339 crore, registering a 61.4 per cent increase over the same period last year, and the company’s order book stands at ₹17,174 crore, the company said in a statement.
On the financial ratio front, Siemens has a Return on Equity of 11 per cent, which means for every ₹1 worth of equity, the company is earning ₹0.11 in profit. It has a price-to-earnings ratio of 88.84x compared to the peer average of 83.50x.
In September 2021, the return on capital employed increased to 13.04 percent, up from 10.51 percent the previous year.
According to data from Trendlyne, foreign investors raised their stake in the company to 5.5% in March 2022 as against 4.4% in March 2021, up by 1.1%. The number of foreign investors increased from 498 to 514 in the March 2022 quarter. Promoters' holdings remain unchanged at 75%. While mutual funds decreased holdings from 2.72% to 2.52% in the March quarter, Overall, institutional investors' holdings decreased from 15.07% to 14.99% in the March 2022 quarter.
An average of 23 analysts polled by MintGenie have a 'buy' call on the stock.